Automatically translated from Basque, translation may contain errors. More information here. Elhuyarren itzultzaile automatikoaren logoa

The Navarre estate loses 70 million in the sale of the circuit of Los Arcos

  • The Government of Navarra put the Los Arcos circuit on sale in May and last week sold it to the British company MSV Group for EUR 7 million. The circuit generated an annual debt to the Foral Government of EUR 4 million.
Argazkia: Los Arcoseko zirkuitua

06 October 2022 - 18:26

The circuit was launched in 2010, at the time of the Miguel Sanz government of UPN, and taking into account the EUR 70 million that the Government of Navarre has spent all this time, public finances have lost 66 million.

The representatives of the Foral Government were pleased with the operation, they wanted to sell it in May for EUR 15 million, but they have publicly explained that a consultancy put a price of EUR 6 million, a price at which the public society has finally sold cultural, sports and leisure infrastructures of Navarra (NICDO).

Javier Onieva has been an advisor to the Public Enterprises Corporation of Navarra from 2018 until last summer and has witnessed the first line of sale. “I said I wasn’t going to sell for less than 50 million, but the company managers told me that that was impossible, that it wasn’t a market price,” he said in an interview in the News Journal.

Onieva has been a technique of Hacienda Foral for 35 years, and according to him, after the Urralburu case, the circuit of Los Arcos is the biggest public money fraud in Navarra.” It says that EUR 70 million has been thrown into the trash, as those seven million that are now to be obtained will be used to cancel the 35 million loan that was taken in its day; if it had been hoped a little, the circuit would remain in the heritage of Navarra, before it already existed, but from now on with very low expenditure. It would then have to be seen how to use it for the benefit of the region. Moreover, according to his research, 70% of the economic benefit of the circuit has gone to the autonomous community of La Rioja.

The project got off the ground from the start. Until 2013 the circuit had a public management, but lost its losses since its inception. Subsequently, until 2018, it was managed by the private company Los Arcos Motosport, but without good results, although it was left in very adequate conditions. MSV Group will now be in charge of management and has no experience as it has six circuits in the UK and one next to Paris.

At first, Viana’s own businessman, Jesús Samaniego, had a budget of six million euros to undertake the construction of the circuit on his grounds. According to the study of the Government of Navarre, on the contrary, EUR 22 million was needed and Samaniego regressed with its money. Miguel Sanz, for his part, advanced with the money of all the Navarros. According to a later study carried out by the House of Auditors of Navarra on the circuit, the Government of Navarre gave the abovementioned entrepreneur a favourable treatment, which he withdrew, but which the Government finally awarded his company the construction of the circuit.

Now the circuit has been sold by the PSN, indirectly accusing UPN that the project got off the ground from the start, but the PSN leaders supported that project. For many years, Ivan Giménez did the tandem, as he explained in his book El Corralito. And to round off the joke, twelve years later, UPN accuses the PSN of having sold the Navarros heritage and that the benefit of this type of project is long.


You are interested in the channel: Ekonomia
The most touristic villages in Catalonia, meeting point of the votes of the extreme right
On the basis of the results of the last Catalan and European elections, we will analyse how the vote of the extreme right has risen in the Catalan countries experiencing the greatest tourist pressure.

The Mayor of Auritz / Burguete, Unai Irigarai
“In the Pyrenean area depopulation is the main problem”
In order to deal with the serious situation in the north-east of Navarre, various social partners and institutions in the area set up the Pyrenees Bureau. The inhabitants of the area have denounced the neglect of the Government of Navarre by their neighbours. The Mayor of... [+]

2024-08-06 | Euskal Irratiak
Egunero 200.000 bisitari Iparraldean, usaian baino aberatsagoak

Udatiar gutxiago zenbatu dira uztailean Iparraldean. Departamenduko Turismo Agentziak egunean 200.000 bisitari zenbatu ditu, usaian 240.000 direlarik. Turista guttiago bai, baina aberatsagoak ere bai.


The Pretty Factory: a small story about energy and mutual help
"We have no options, this is our workplace. We will try to resist,” said the Real Sociedad technician at a press conference. To avoid closure, the workers of an Italian factory have opted to "reconvert the industry from below", controlling the means of production itself. An... [+]

Arantxa Orbegozo Txitxi
“The most beautiful trips for me are those that go slowly”
Arantxa Orbegozo Txitxi (Tolosa, 1962) is a carrier of emotion and passion. He takes life in his hands and offers it to anyone who turns it on. He's been an athlete, a cyclist, and he's been involved in other disciplines that he's proposed to himself. However, what has really moved... [+]

2024-07-30 | ARGIA
Real threats... and real opportunities

The following infographic is based on the report number 55 of the Delàs Peace Research Center of Catalonia, published in October 2022. In the report, Xavier Bohigas, Pere Brunet, Teresa de Fortuny, Anna Montull García and Pere Ortega analysed in depth the links between... [+]


Arrigorri
In order to draw up these lines, we have stopped making cheese and are in the process of sterilisation. This means that ordeons are increasingly dispersed over time, until sheep's milk disappears. In some cases, the process will end in a few days, and a few will cost more.

2024-07-24 | Egoi Aldalur
SOS Municipal Police

The Municipal Police of Donostia-San Sebastián has not yet solved the lack of staff in its staff. During the summer the workforce has been strengthened by the hiring of dozens of local police officers to meet the different needs and services that emerge during the summer in a... [+]


2024-07-24 | ELA sindikatua
ELA denounces that the Basque Government has assumed "a new loss" of workers' purchasing power
Has Lakua relinquished its powers before approving the decree of public employees in Madrid? In three years, CAV public workers have lost 6% of purchasing power, according to the union.

2024-07-23 | ARGIA
They deliver in Aduna the Ja(ki)tea awards that have “excited” hospitality and producers
Thirteen cooks or producers have been awarded in this VI edition by the Guipuzkoan association that promotes “traditional Basque cuisine”. The awards recognise sustainable cuisine, developed in collaboration with local producers.

Death of a worker from the FCC company following an accident in Pamplona
So far this year, 33 people have died in an occupational accident in the Basque Country. The latter, Iosu, who worked in cleaning during the sanfermines of Pamplona/Iruña, has been arrested. The truck, which fell above the truck, has died as a result of the gravity of the coup... [+]

Eguneraketa berriak daude